Brien McMahon - May 12, 2023 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Stock symbol
RDN
Transactions as of
May 12, 2023
Transactions value $
-$626,222
Form type
4
Date filed
5/16/2023, 07:05 PM
Previous filing
Nov 28, 2022
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDN Common Stock Options Exercise $128K +9.14K +9.53% $13.99 105K May 12, 2023 Direct F1, F9
transaction RDN Common Stock Options Exercise $0 +8.86K +8.43% $0.00 114K May 13, 2023 Direct F2, F12
transaction RDN Common Stock Options Exercise $0 +3.46K +3.03% $0.00 117K May 13, 2023 Direct F3, F12
transaction RDN Common Stock Tax liability -$335K -13.4K -11.46% $24.89 104K May 13, 2023 Direct F4
transaction RDN Common Stock Options Exercise $0 +6.02K +5.79% $0.00 110K May 15, 2023 Direct F5, F12
transaction RDN Common Stock Options Exercise $0 +5.67K +5.15% $0.00 116K May 15, 2023 Direct F6, F12
transaction RDN Common Stock Options Exercise $0 +33.6K +29.04% $0.00 149K May 15, 2023 Direct F7, F12
transaction RDN Common Stock Tax liability -$419K -16.7K -11.22% $25.04 132K May 15, 2023 Direct F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RDN Performance Stock Options Options Exercise -9.14K -100% 0 May 12, 2023 Common Stock 9.14K $13.99 Direct F1, F13
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -8.86K -100% 0 May 13, 2023 Common Stock 8.86K Direct F2, F12, F13
transaction RDN Restricted Stock Units - Performance Award Options Exercise -3.46K -3.73% 89.2K May 13, 2023 Common Stock 3.46K Direct F3, F10, F11, F12, F13
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -6.02K -50% 6.02K May 15, 2023 Common Stock 6.02K Direct F5, F12, F13
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -5.67K -33.33% 11.3K May 15, 2023 Common Stock 5.67K Direct F6, F12, F13
transaction RDN Restricted Stock Units - Performance Award Options Exercise -33.6K -100% 0 May 15, 2023 Common Stock 33.6K Direct F7, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock option exercised upon expiration of award expiring on May 13, 2023.
F2 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020.
F3 Represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 13, 2020, which are subject to a one-year post vest holding period.
F4 Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the time-based RSUs granted on May 13, 2020, shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 92,660 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold, and shares withheld by the Company to satisfy the exercise price and tax liability of a stock option exercise of an award expiring on May 13, 2023.
F5 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.
F6 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.
F7 Represents distribution of shares of common stock related to RSUs that were granted May 15, 2019, which vested on May 15, 2022 and were subject to a one-year post-vest hold.
F8 Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the time-based RSUs granted on May 12, 2021 and May 11, 2022, as well as shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the performance-based RSUs granted May 15, 2019, following completion of the one-year hold period after vesting of the RSUs.
F9 Includes 627 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on December 31, 2022.
F10 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F11 Pursuant to the terms of the Company's equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of 92,660 performance-based RSUs granted May 13, 2020.
F12 Each RSU represents a contingent right to receive one share of common stock.
F13 Not Applicable